CBN REVOKES OPERATING LICENSES OF ASO SAVINGS AND LOANS PLC AND UNION HOMES SAVINGS AND LOANS PLC. (PHOTO).

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 CBN Revokes Operating Licenses of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc The Central Bank of Nigeria (CBN) has revoked the operational licenses of two primary mortgage banks, Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, citing multiple regulatory violations and financial distress. In a press release issued today, the CBN stated that the action was taken under Section 12 of the Banks and Other Financial Institutions Act (BOFIA) 2020 and Section 7.3 of the Revised Guidelines for Mortgage Banks in Nigeria. The move is part of broader efforts to reposition the mortgage sub-sector and enforce compliance with laws and regulations. The affected institutions were found to have breached various provisions, including: - Failure to meet the minimum paid-up share capital requirement for their license category. - Having insufficient assets to cover liabilities. - Being critically undercapitalized, with capital adequacy ratios below the CBN's prudent...
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I WONDER WHY THE ARGENTINA PLAYER,POURED WATER ON THEIR COACH?.

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              Yesterday wednesday around 5pm Nigeria time,Nigeria and Argentina played and it end in favour of the Argetina players 3-2.I most say the referee was not fair to the Nigerians and if FIFA doubt me,they should go and re watch that match.What really caught my attention was the fact that one of the Argentina players Ezequiel Lavezzi,poured water on their coach Alejandro Sabella.That was rude even if it was a joke.He disrespected his coach when the coach tried to iron out some issues.What's your take on these matter?.More photos below.                                                                                                                                     

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